Life Insurance Direct How To's

Where to start when looking for income protection insurance

Have you started thinking about income protection insurance? With all this uncertainty in the economy at the moment, you’re not alone.

How To's 9 June 2020
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How do I know what life insurance to buy?

Congratulations! You’ve probably recently come to realise that you need life insurance, great stuff! Here are some questions to ask when buying life insurance.

How To's 28 April 2020
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How to Avoid the Lifetime Health Cover Loading

If you’re 31 years old, learn how you can avoid the additional 2% loading fee when purchasing private health insurance before the 1st of July.

How To's 11 June 2019
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Increase Your Savings with Life Insurance Direct Refer A Friend

The Life Insurance Direct Refer A Friend program offers anyone the opportunity to get one month’s worth of premium for free, up to a maximum of $100 for each successful friend referral. Not only will you save money, but you might even protect a friend against underinsurance. Underinsurance is a massive concern in Australia. You…

How To's 28 May 2018
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How a Life Insurance Broker Can Save You Money

Finding the right insurance policy to protect you and your family can be stressful because you don’t want to choose the wrong policy, that doesn’t cover you adequately. One of the best ways to make your choice as easy and painless as possible is by working with a life insurance broker. What is an insurance…

How To's 15 May 2018
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How Your Life Insurance Application Is Assessed

A life insurance policy is one of the most important types of insurance you will ever apply for and outside of home insurance, it may be the most important insurance policy you have. As a result, when you apply for a policy you will be required to go through a detailed application process wherein you…

How To's 5 February 2018
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How to effectively process your life insurance claim

It is emotionally and financially stressful when a family member passes away, similarly stressful is being told that you can no longer work due to an illness or injury. These life events are challenging enough on their own, but now you must undergo the complex process of lodging an income protection, disablement, critical illness or…

How To's 5 May 2017
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How do I find the best life insurance policy?

The best life insurance policy is the policy which suits you and your individual circumstances. Every policy offers different built-in features and additional policy options, as well as different price levels. Not everyone will suit every single policy offered by insurers. Four easy steps to finding the best life insurance policy: Step 1: Speak to…

How To's 24 March 2017
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RACV Life Insurance

You might have heard about the life insurance discount offered by RACV and wondered if they’ve expanded their services to include life cover. While RACV offers cover for your home, your car and even your boat, they do not offer life insurance. However, if you’re an RACV insurance member, you can save on newly purchased…

How To's 17 March 2017
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Can I take out Life insurance if I am an Australian expat living overseas?

Australian expat living overseas In relation to expats living overseas, a number of insurers have changed / updated their views on how willing they are to offer life / tpd / trauma or income protection to expat Australians livings aboard. Firstly: Here are some of the key pieces of information that we would need to…

How To's 10 March 2017
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Underwriting of Life Insurance Policies

Life insurance underwriting has everything to do with risk. When you apply for insurance coverage, you are essentially asking the insurance company to take on the potential risk of having to pay a future claim, should something unforeseen happen to you, for example, death or disability. Be aware, many of direct insurers have extensive exclusions…

How To's 31 January 2017
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What’s Behind the High Claims Decline Rates of Direct Life Insurance Policies?

The industry wide ASIC 498 report into life insurance claims outcomes unveiled the truth about how a customer’s choice of distribution channel (policy type) has a considerable bearing on the likelihood of their claim being accepted or declined. The findings were staggering, compared to the Retail (Advised) distribution channel, Non Advised (Direct) distribution channels have…

How To's 24 November 2016
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Building Trust in Your Life Insurance

The recent 498 report by ASIC looked into life insurance claims and disputes registered with an external dispute resolution entity in the Life Insurance Sector. It revealed detailed statistics around claims; claims paid in full, partially, and declined. This report provides the industry with some invaluable insights, however it is also important that consumers become…

How To's 14 November 2016
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Immigrating to Australia to Join the Now 24 Million other Aussies

After years of arriving early to work and staying late, you’ve finally been promoted. Your new position allows you more freedom, creativity and the opportunity to travel. You’re immigrating to one of the best countries in the world, Australia. Because of its high quality of life, Australia has been ranked the second-best country in the…

How To's 9 May 2016
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